Top Crypto Investors in the Second Half of 2025: Institutional PnL Rankings Released, These Firms Lead

RektRecovery · 2026-01-02T05:06:10+00:00

The latest data shows that the crypto investment circle has exhibited a divergence in the past six months. Multicoin and Version One performed outstandingly, each earning over $17 million. DeFiance Capital followed closely, while leading institutions such as a16z, Pantera Capital, and Coinbase Ventures maintained frequent deployment, demonstrating their adaptive investment strategies to market fluctuations.

RektRecovery

2026-01-02 05:06:10

Abstract generation in progress

【Chain Wen】Latest data shows that the cryptocurrency investment circle over the past half year has seen some rejoice and others worry. According to on-chain data monitoring, Multicoin and Version One have performed the best in their holdings in the second half of 2025—each institution achieved profits of over $17 million, far surpassing their peers.

DeFiance Capital follows closely, also demonstrating a keen investment sense. Meanwhile, the frequent appearances of top institutions like a16z, Pantera Capital, and Coinbase Ventures on various leaderboards indirectly indicate a fact: institutional investors have not retreated amid market volatility, but instead maintain a high-frequency deployment strategy. From the changes in their holdings, it seems they have already found an investment rhythm suitable for this cycle.

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SelfCustodyBro

· 17h ago

Multicoin $17 million? Come on, this number should be questioned. With such transparent on-chain data, how can someone lose so badly? Version One really chooses the right track, unlike some big institutions that boast about themselves every day. What about a16z? I haven't seen them on the list. Is it because they didn't make it or a data issue? DeFiance being able to keep up is already good; that's just how the market is.

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FudVaccinator

· 17h ago

Wow, Multicoin really outdid themselves this time, making 17 million USD just like that... Why am I still at a loss haha --- Did Version One win again? How do these guys always manage to hit the mark so precisely --- DeFiance is right behind... Where's the promised democratization of investment? Feels like these few firms always take the profits while we just get the leftovers --- It's the same familiar faces like a16z and Pantera again. Why does it seem like their PnL rankings are always a solo dance for them --- 17 million in half a year... Their holdings make my blood pressure rise haha --- Did Multicoin not cut their losses this time? I remember they always love to make crazy moves --- Once the rankings are out, retail investors start copying, then they get cut... When will this cycle ever end --- Real investment intuition vs. my random clicks, why is the gap so huge --- I remember Version One used to be very low-profile. It's interesting that they suddenly made the list this time --- DeFiance claims they have good instincts, I believe it, but I always feel they might be a bit overconfident

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gaslight_gasfeez

· 17h ago

Damn, Multicoin is on a winning streak again, $17 million... Why am I still losing money? --- This round of Position One's holdings are really top-notch. Want to know exactly what they bought? --- Why isn't a16z on the list yet? Could it be that they've also dropped? --- DeFiance Capital definitely has some skills. Next time, I'll follow their lead. --- This ranking is just showing off wealth. As small retail investors, we can only watch. --- What about Pantera? Why didn't they clarify... Feels like they're deliberately leaving a cliffhanger. --- Damn, they earned $17 million in half a year, while I lost $1,700 in the same period. --- Multicoin's investment strategy is truly excellent. Must study it carefully. --- It's always the same few institutions, still so narrow-minded. --- When will Version One have a setback? They keep winning so much; luck can't be this good forever.

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FromMinerToFarmer

· 17h ago

No more words, once again Multicoin is winning big. When can I, as a retail investor, catch up with these institutions' sniffing skills? Is Version One also so fierce? Easily taking out 17 million USD, I need to study their holding strategies carefully. DeFiance Capital's quick follow-up is no joke; this round is truly a winner-takes-all. Why isn't a16z on the headlines? Could they be secretly bottom-fishing again? I was abandoned by the era even during the mining days; now I can only copy the institutions' homework.

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SillyWhale

· 17h ago

Multicoin won again? This time not following the trend turned out to be right --- Version One $17 million, is that all? I thought it was more --- DeFiance Capital is steady this time, no reckless moves --- What's going on with a16z? Not on the list? --- By the way, how's Pantera doing? The article didn't finish --- It's these few again, retail investors are always the ones giving gifts --- $17 million sounds like a lot, but for their scale of investment, it's really nothing --- Can Version One beat Multicoin? I don't think so --- DeFiance Capital? Never heard of it, who knows which deity this is --- Coinbase is also on the list? Being compliant makes a difference --- Where is this data from? Can on-chain monitoring be this accurate? --- Institutions are making a killing again, while we're still losing principal --- Feels like these are the only few on the list after all this time, what about other institutions? --- Is Version One real? I haven't heard much about it

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RugResistant

· 17h ago

Damn, Multicoin is making crazy profits again. These two institutions are really something... However, I still don't quite understand the moves in Version 1. Can someone explain?

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